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StatuteBankruptcy and Insolvency Act

Section 268 — Bankruptcy and Insolvency Act: Definitions

Text of the provision Official document

The following definitions apply in this Part. foreign court means a judicial or other authority competent to control or supervise a foreign proceeding. ( tribunal étranger ) foreign main proceeding means a foreign proceeding in a jurisdiction where the debtor has the centre of the debtor’s main interests. ( principale ) foreign non-main proceeding means a foreign proceeding, other than a foreign main proceeding. ( secondaire ) foreign proceeding means a judicial or an administrative proceeding, including an interim proceeding, in a jurisdiction outside Canada dealing with creditor’s collective interests generally under any law relating to bankruptcy or insolvency in which a debtor’s property and affairs are subject to control or supervision by a foreign court for the purpose of reorganization or liquidation. ( instances étrangères ) foreign representative means a person or body, including one appointed on an interim basis, who is authorized, in a foreign proceeding in respect of a debtor, to administer the debtor’s property or affairs for the purpose of reorganization or liquidation; or act as a representative in respect of the foreign proceeding. ( représentant étranger ) For the purposes of this Part, in the absence of proof to the contrary, a debtor’s registered office and, in the case of a debtor who is an individual, the debtor’s ordinary place of residence are deemed to be the centre of the debtor’s main interests.

Official source: laws-lois.justice.gc.ca

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.